IBMR vs. BPH

Last updated Jun 3, 2026

IBMR (iShares iBonds Dec 2029 Term Muni Bond ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - IBMR is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Series Callable-Adjusted 2029 Index, while BPH is a Oil & Gas fund actively managed by Precidian. IBMR is passively managed, while BPH is actively managed. At a correlation of -0.54, they often move in opposite directions. IBMR charges 0.18%/yr vs 0.19%/yr for BPH.

Performance

IBMR vs. BPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR) and BP p.l.c. ADRhedged ETF (BPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBMR

• 1D: 0.10%
• 1M: 0.27%
• YTD: 0.71%
• 6M: 1.17%
• 1Y: 4.07%
• 3Y*: 3.48%
• 5Y*: —
• 10Y*: —

BPH

• 1D: 1.20%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBMR vs. BPH - Yearly Performance Comparison

	2026 (YTD)
IBMR iShares iBonds Dec 2029 Term Muni Bond ETF	0.34%
BPH BP p.l.c. ADRhedged ETF	2.83%

Correlation

The correlation between IBMR and BPH is -0.54, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	-0.54

Return for Risk

IBMR vs. BPH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBMR

IBMR Risk / Return Rank: 64
IBMR Sharpe Ratio Rank: 69
IBMR Sortino Ratio Rank: 74
IBMR Omega Ratio Rank: 82
IBMR Calmar Ratio Rank: 52
IBMR Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBMR vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR) and BP p.l.c. ADRhedged ETF (BPH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	IBMR	BPH	Difference
Sharpe ratio Return per unit of total volatility	2.33	—	—
Sortino ratio Return per unit of downside risk	3.44	—	—
Omega ratio Gain probability vs. loss probability	1.51	—	—
Calmar ratio Return relative to maximum drawdown	2.63	—	—
Martin ratio Return relative to average drawdown	7.03	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBMR	BPH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	9.48	-8.55

Drawdowns

IBMR vs. BPH - Drawdown Comparison

The maximum IBMR drawdown since its inception was -4.83%, which is greater than BPH's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for IBMR and BPH.

Drawdown Indicators

	IBMR	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-4.83%	-2.35%	-2.48%
Max Drawdown (1Y) Largest decline over 1 year	-1.55%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.72%	—	—
Current Drawdown Current decline from peak	-0.68%	0.00%	-0.68%
Average Drawdown Average peak-to-trough decline	-1.02%	-1.08%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	—	—

Volatility

Volatility by Period

	IBMR	BPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.75%	25.75%	-24.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.07%	25.75%	-22.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.07%	25.75%	-22.68%

IBMR vs. BPH - Expense Ratio Comparison

IBMR has a 0.18% expense ratio, which is lower than BPH's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IBMR vs. BPH - Dividend Comparison

IBMR's dividend yield for the trailing twelve months is around 2.55%, while BPH has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BPH BP p.l.c. ADRhedged ETF	0.00%	0.00%	0.00%	0.00%
IBMR iShares iBonds Dec 2029 Term Muni Bond ETF	2.55%	2.55%	2.53%	1.27%

Frequently Asked Questions

Can I hold both IBMR and BPH in my portfolio?

IBMR and BPH have a correlation of -0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBMR or BPH?

On fees, IBMR is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBMR or BPH?

IBMR is cheaper with a 0.18% expense ratio, compared with 0.19% for BPH.

Which ETF pays a higher dividend yield, IBMR or BPH?

IBMR has the higher dividend yield at 2.55%, compared with 0.00% for BPH.

What is the main difference between IBMR and BPH?

IBMR is categorized as Municipal Bonds, while BPH is Oil & Gas. They also come from different issuers: iShares and Precidian. Their fees differ too: 0.18% for IBMR and 0.19% for BPH.